The Innovators

10 Up and Coming Leaders to Watch

The Innovators


Innovators push the boundaries of the known world. They're change agents who are relentless in making things happen and bringing ideas to execution.

Sallie Krawcheck, 85 Broads
Photo (C) Amy Fletcher

A Push for Diversity

Sallie Krawcheck, 85 Broads

If Sallie Krawcheck has her way, the old boy's network will soon be ancient history. The former Wall Street exec--renowned for turning around floundering businesses when she held key positions at Smith Barney, Merrill Lynch and Sanford C. Bernstein & Co.--now spends her days at 85 Broads, a global women's network that produces webinars, networking events and workshops designed to help women develop and hone leadership skills and invest in one another's success.

Krawcheck took over ownership of 85 Broads, established in 1997 and named for the former address of Goldman Sachs, last May. It now has more than 32,000 members in 130 countries."In corporate America we've gone sideways, and in financial services we've gone backwards," says Krawcheck of the lack of diversity in leadership. The Great Recession of 2008 affirmed this for her. "People talk about the downturn being caused by greed, but it wasn't just greed: It was groupthink. Diversity of thought--driven by diversity of background, of gender, of color--cuts right through groupthink," she says. "Nothing bad happens when women are in positions of power."

To provide networking opportunities, 85 Broads offers members a variety of educational events, from media training to courses on starting a hedge fund or publishing and marketing a book, at settings that range from low-key lunches and happy hours to more formal summits and webinars. "Men seem to learn to network earlier than women do, and it can be the difference in getting that promotion," Krawcheck says.

To continually improve the organization's resources, she regularly taps members for feedback. And what do they want? More education, and opportunities to meet more women like them.

At one time Krawcheck was described as the most powerful woman on Wall Street. And that's exactly who it'll take to get a broader range of people into the upper echelons of corporate America. --Michelle Juergen

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This article was originally published in the March 2014 print edition of Entrepreneur with the headline: 10 Up and Coming Leaders.

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